Cadmium-free quantum dots developer Nanoco (LON: NANO) has announced the detailed plans for the return of cash to shareholders. The amount returned will be £30m with a further £3m being used for share buy backs.
That is at the bottom of the suggested range of between £33m and £40m. This follows consultation with some of the larger shareholders. It makes sense not to return too much cash and then pay a broker a commission to raise more in the future.
The £30m will be returned via a tender offer at 24p/share. The full £30m will acquire 38.5% of the share capital. The buy back could purcha...
